Gold price is now hitting a critical aspect of its price trajectory, the one that involves the token crossing the barrier of the $5100 price pedestal. The metal is now facing a critical test as it moves forward; however, signs of consolidation and fresh drops are already plaguing the asset. What’s next for gold in terms of its price and momentum? Let’s find out.
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Gold to Rally or Tank Next?
Gold is now sitting at $5050. The precious yellow metal managed to score a big win, despite its recent pullback. The metal, however, is eyeing new price horizons per Rashad Hajiyev, who believes that gold price has more to offer in terms of its value and momentum. Hajiyev, in his latest forecast about gold price, shared how the metal is aiming to hit $5.2K, only to fall back to $5K, as it plans its momentum for the future.
“Looks like gold is going to test the February 4 high already tomorrow. I expect gold to reach $5.2k at most and then roll over back to the $5k level before it takes off higher for real. I think more sideways price action will follow. Meanwhile, miners are catching up. Senior gold miners GDX is up nearly 5%. Everything looks aligned…”
Hajiyev has quite confidently shared how the gold price will continue to surge high, ultimately topping the $8K mark by the year’s end.
“On a monthly basis, gold is up 3.3% despite an 8% decline earlier in the month. The formation is very bullish. Gold has a long way to go before it tops. My $8k 2026 target is unchanged…”
Gold’s Changing Role In 2026
With rising geopolitical tensions and macro uncertainties wreaking havoc, gold’s value prospects are now evolving. Per the billionaire Thomas Kaplan, the gold price may soon cross the $5600 price threshold, as the metal has now evolved into a currency amid USD debasement and debt narratives.
“Investor Thomas Kaplan says the recent dip in gold is temporary and expects prices to exceed last month’s $5,600 record. He cites currency debasement, high global debt, and doubts about fiat currencies, including the dollar, as key drivers. Kaplan views gold as a secure, non-liability asset that retains value during economic stress. He predicts central banks and nations may increasingly nationalize gold, making it one of the few assets likely to hold value in a financial crisis.”
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